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Indian Bank Q2 Net Profit seen up 93.3% YoY to Rs. 796.9 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 0.9 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 4,179.6 crore, according to Motilal Oswal.

October 13, 2021 / 02:36 PM IST
 
 
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Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects Indian Bank to report net profit at Rs. 796.9 crore up 93.3% year-on-year (down 32.6% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 0.9 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 4,179.6 crore, according to Motilal Oswal.


Pre Provision Operating Profit (PPOP) is likely to rise by 8.8% Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 3,257.5 crore.


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